Real Estate Dictionary

Pre-Qualified vs Pre-Approved

What is the difference between pre-qualified and pre-approved? Buyers often hear they need to be pre-qualified and pre-approved. While these are critical steps in the home buying process, people often use these terms interchangeably. The...
Read more

Wire Fraud

Wire fraud is absolutely detrimental to the sale or purchase of real estate. Here are some tips to avoid wire fraud and to ensure your transaction runs smoothly. What Is Wire Fraud The dictionary defines...
Read more

Homeowners Insurance

The topic of homeowners insurance may seem overwhelming. It is important to educate yourself on homeowners insurance. Research different companies, shop rates, and compare coverage. Similarly, compare premiums and deductibles and read reviews! The least...
Read more

What Is PMI?

What is PMI or Private Mortgage Insurance? You hear this term tossed around quite a bit in the world of real estate. However, most people aren’t quite sure what it means or know if it’s...
Read more

For Sale By Owner Colorado

For sale by owner may not always be the best option. The Colorado Springs real estate market is a strong seller’s market. However, having an experienced real estate agent on your side is always advised....
Read more

Earnest Money

There are several opportunities within a contract for a buyer to get their earnest money back. Let’s go over them. What Is Earnest Money? Earnest money, also known as a “good faith deposit”, is put...
Read more

Appraisal Gap In Colorado Springs

Buying a house in Colorado Springs right now can be down right brutal and appraisal gaps have become a necessity. Appraisal Gap Explained An appraisal gap is the difference between your offer on a home...
Read more

Escalation Clause In Colorado Springs

One way to make your offer stand out in a competitive market is by using an escalation clause. Escalation Clause In Real Estate The Colorado Springs real estate market is highly competitive. Homes are going...
Read more

Radon Testing In Colorado Springs

Do I need radon testing? What is radon? What are the radon levels in Colorado? We get asked these questions on a very regular basis! We always recommend that our clients get a radon test...
Read more